Bill Description: This bill would ensure that state agencies do not enter into contracts that exceed an agency’s’ funding for that project.
Does it increase government spending (for objectionable purposes) or debt? Conversely, does it decrease government spending or debt?
Every state agency is required to go through a competitive bidding process prior to entering into any construction contract. At the conclusion of the bidding process, a contract must be awarded to the “lowest responsible and responsive bidder.” HB 434 would stipulates that all state agencies, when accepting a bid, do not enter into a contract that exceeds the funding that was allocated for such project. This would protect Idaho taxpayers from government agencies exceeding their spending limits and going over budget.
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